An Englishman of forty years residence in Wales pontificates about politics (slightly off-message), films and trivia. Secretary of Aberavon and Neath Liberal Democrats. Candidate for Neath in the Westminster elections of 1997 & 2017 and the Welsh general election of 2016.

Saturday, 8 October 2011

Mortgage designed to encourage energy-saving

The Ecology Building Society has launched a discount scheme which rewards energy efficiency and carbon saving measures. C-Change Retrofit offers 0.25% off its standard variable rate for each grade improvement made in either the energy effiiciency or environmental impact rating once works are completed - on the whole mortgage, for the full duration of the loan.

This is a departure for EBS. They say: "for the first time, we're extending our mortgage range specifically to support people who own ordinary properties. With our homes using three times as much energy as our cars - contributing over 27% of our [carbon dioxide] emissions in the process - we feel it's essential to help everyone make their home as eco-friendly as possible. We hope that adding a cheaper mortgage to the prospect of lower energy bills and better air quality will provide a tangible incentive for people to live more sustainably."

The EBS autumn newsletter also includes some helpful links to other organisations with an interest in retrofit.